Operations: Page 65
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Caroline Jansen/Retail Dive
Allbirds taps new CEO, plans store closures
COO Joe Vernachio takes over from co-founder Joey Zwillinger on Friday as the DTC brand reported a 15% sales drop in 2023.
By Cara Salpini • March 13, 2024 -
Courtesy of Costco
Q&ACostco’s ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership
Richard Galanti thought he might stay four years at what was then a retail startup. Costco’s CFO stayed about four decades and is exiting the role on Friday.
By Maura Webber Sadovi • March 13, 2024 -
Trendline
Gen Z and the next-generation consumer
If there's anything retailers want more than financial stability right now, it's to understand Gen Z.
By Retail Dive staff -
Courtesy of Cat & Jack, Target
Target’s Cat & Jack kid’s apparel headed to Hudson’s Bay in Canada
The owned brand of kids' clothes is one of Target's strongest, and will have a dedicated space in every Hudson's Bay store.
By Nate Delesline III • March 12, 2024 -
Courtesy of Nordstrom
Nordstrom opens luxury pop-up at NYC flagship
The retailer’s partnership with Bode is the first of a series of limited-time events and brand takeovers at the New York store.
By Xanayra Marin-Lopez • March 12, 2024 -
Courtesy of Kohl's
Kohl’s brings in Babies R Us after rough holiday quarter
The struggling department store is increasingly relying on other brands, including Amazon and Sephora, to draw customers to its stores.
By Daphne Howland • March 12, 2024 -
Permission granted by Generation Tux
Generation Tux steps into physical retail
The online suit and tuxedo rental company’s showroom will feature tech that uses data and AI to understand a customer’s measurements and desired fit.
By Howard Ruben • March 12, 2024 -
Daphne Howland/Retail Dive
The Body Shop’s US operation forced into liquidation as UK parent takes its cash
The U.S. subsidiary ceased operating as of March 1 and told a bankruptcy court it didn’t get advance notice of its British owner's restructuring.
By Daphne Howland • March 12, 2024 -
Retrieved from Liquid Death.
Liquid Death closes funding round valuing business at $1.4B
The beverage maker said the $67 million in new financing will be used to grow distribution and accelerate product innovation.
By Christopher Doering • March 11, 2024 -
As it plans 90 stores, Ross refocuses DD’s on existing markets
The smaller banner will shift focus and undergo an “in-depth analysis” of its customer base amid disappointing performance in newer markets.
By Nate Delesline III • March 11, 2024 -
Roy Rochlin via Getty Images
Funko chief financial and operating officer to step down as toymaker preps for ‘softer’ content schedule
Steve Nave’s resignation comes as the company continues to brace for economic headwinds.
By Grace Noto • March 11, 2024 -
Kaarin Vembar/Retail Dive
Walmart piloted an RFID receipt check. It didn’t work out.
The retailer confirmed it has ended a recent test of the checkout technology at a Neighborhood Market store in Bentonville, Arkansas.
By Catherine Douglas Moran • March 11, 2024 -
Spencer Platt via Getty Images
Best Buy’s suppliers help defray costs in choppy electronics market
The retailer logged $20 million in vendor spending on things like promotions, displays, special staffing and fulfillment services.
By Ben Unglesbee • March 8, 2024 -
Cara Salpini/Retail Dive
American Eagle has ‘refocused’ logistics arm amid third-party business woes
The retailer faced $98.3 million in impairment and restructuring charges from Quiet Platforms in Q4 as it adjusted to reduced e-commerce fulfillment demand.
By Max Garland • March 8, 2024 -
Getty Images
New York Stock Exchange moves to delist apparel retailer Express
Concerns about the company’s long-term financial health have continued to surface over the last year.
By Nate Delesline III • March 8, 2024 -
Courtesy of BowFlex
ColumnThe Weekly Closeout: BowFlex files for Chapter 11, Public Lands partners with Saucony
The at-home fitness company has a $37.5 million buyout offer, and the Dick’s Sporting Goods banner teamed up with the footwear brand on running shoes.
By Retail Dive Staff • March 8, 2024 -
Courtesy of Walmart
Walmart adds early morning delivery option
As operational competition with Target and Amazon heats up, the big-box retailer is expanding on-demand delivery to start at 6 a.m.
By Tatiana Walker-Morris • March 8, 2024 -
Courtesy of Gap Inc.
Gap, Old Navy make progress on long road to recovery
New Gap Inc. CEO Richard Dickson touted market share gains at the company’s biggest brands, but analysts say they have further to go.
By Daphne Howland • March 8, 2024 -
Big Lots’ cost-cutting efforts helped it ‘maintain liquidity through a challenging period’
CEO Bruce Thorn also said the retailer is expanding its assortment of bargain merchandise, which is expected to account for 75% of sales in 2024.
By Nate Delesline III • March 7, 2024 -
Courtesy of Ashley Furniture Industries
Ashley Home acquires Nectar mattress owner Resident Home
As part of the deal, Resident co-founders and co-CEOs Eric Hutchinson and Ran Reske will remain in their current positions.
By Howard Ruben • March 7, 2024 -
Daphne Howland/Retail Dive
Beyond Inc. acquires Zulily brand for $4.5M
The Overstock and Bed Bath & Beyond parent company purchased the online discount retailer to further position itself in the off-price market.
By Kaarin Moore • March 7, 2024 -
Courtesy of Birkenstock
Birkenstock’s expanding production capacity lifts sales as it eyes more growth ahead
The footwear brand plans to double capacity in the next three years, spending tens of millions of dollars along the way.
By Ben Unglesbee • March 7, 2024 -
Permission granted by Il Makiage
Oddity pushes forward with new brands as it posts 44% revenue growth in Q4
The Il Makiage and SpoiledChild owner finished 2023 on a high note, swinging to a profit in the fourth quarter, and plans to launch two brands in 2025.
By Caroline Jansen • March 7, 2024 -
Permission granted by Home Depot
The Home Depot leans on distribution centers to deliver pro orders
Not shipping from stores helps reduce the amount of time associates have to spend picking, packing and staging items, Senior EVP Ann-Marie Campbell said.
By Max Garland • March 7, 2024 -
Courtesy of Sam's Club
1 in 3 Sam’s Club members use scan-and-go technology regularly
The club retailer is expanding the digital capability’s reach after customer usage surged last year.
By Peyton Bigora • March 6, 2024 -
Scott Olson via Getty Images
Amid tepid results, Foot Locker turns to store revamps and immersive concepts
The retailer is overhauling most of its namesake and Kids Foot Locker fleet while it invests in new store concepts.
By Cara Salpini • March 6, 2024
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